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It is several years since I have seen such controversy and diversity of opinion amongst the bears and the bulls about market direction.
Mario La Marra
21 Sep, 2007
From the low created in the beginning of 2005, Cotton (CT-SpotV) could not break through the resistance met at around 58 cents.
The last two weeks have been interesting in our local markets to say the least. Since the August 2007 lows around 60% of our ASX Sectors have managed to recover to a reasonable level.
The US share market had its biggest rally in four years this week, followed by a pullback. The rally came after the Federal Open Market Committee (FOMC) cut interest rates by 0.5%, from 5.25% to 4.75%.
I read with curiosity a personal finance article (in Australia) about fixing your home loan interest rate. Well, whether you fix it is going to depend on what part of the globe you live in.
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